Direct Insite Corp. to Deliver E-Invoicing Platform to a Global Manufacturing Company

Direct Insite Corp. to Deliver E-Invoicing Platform to a Global Manufacturing Company

FT. LAUDERDALE, Fla.--(BUSINESS WIRE)-- Direct Insite (OTC BB: DIRI.OB), a leading provider of cloud-based e-invoicing solutions for accounts payable, accounts receivable, and payments services, today announced that it will deploy its Invoices On-Line (IOL) suite of AP automation processing capabilities in the worldwide shared services centers for a global manufacturing company. The three-year deal is initially valued in excess of $700,000 USD.

The company will standardize worldwide on Direct Insite's Invoices On-Line platform to automate its AP processes, eliminate the handling of paper invoices, increase the straight-through-processing of supplier invoices, and enhance visibility into the company's global cash position.

Initially, the company will use Invoices On-Line to receive images of invoices scanned by a third-party and route them electronically for approval and payment based on pre-defined business rules. The company plans to extend its use of the platform to allow its suppliers to submit invoices electronically via the Invoices On-Line portal, automating processes such as invoice receipt, supplier inquiry, invoice processing, compliance/dispute management, and reporting.

Direct Insite will integrate Invoices On-Line with the company's enterprise resource planning system, further standardizing its invoice processes and reporting.

"This announcement demonstrates the ability of Invoices On-Line to accept any invoice, in any format, from any source," said Direct Insite President and CEO Matthew E. Oakes. "Forward thinking and progressive companies are looking for opportunities to 'Go Green,' eliminating paper and implementing effective automation tools no matter where they currently are in the AP automation lifecycle."

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